Zapatero's daughters and their shell agency: what the money was hiding

The agency that never existed: the alleged money laundering by Zapatero's daughters

Yesterday Mercedes Milá called Broncano a "coward" in a video that has nothing to do with this matter, but it serves as a showcase for background noise that splashes the family of the former Spanish prime minister. A detailed article dissects the alleged agency run by Zapatero's daughters and concludes that there was no agency, no activity, no nothing: just a wrapper for placing black money from the former president's kickbacks. Can a scheme really be that crude?

An empty structure for moving opaque capital

According to the analysis, the agency of Zapatero's daughters was a shell with no employees, no clients, no real invoicing. A mechanism designed to channel funds of dubious origin, allegedly linked to the bribes the former prime minister would have received during his time in office. The operation, they say, was so simple it is almost insulting: set up a company, declare some phantom income, and done. The black money came in, paid minimal taxes and came out laundered.

Untraceable or simply shameless?

What is most surprising is not the sophistication of the alleged fraud, but its total lack of it. The report itself points out that there is no trace of commercial activity, no contracts, no suppliers. Just a pompous name and a bank account. Whoever set it up —and the daughters are listed as administrators— must have thought the Public Prosecutor's Office would never look there. Or, worse still, that it did not matter because power protected it.

The puzzling detail

The agency not only failed to invoice, but its incorporation and maintenance costs were covered by an account whose origin was never known. If everything was so opaque, how could the article reconstruct the scheme? Perhaps because, sometimes, the truth is written in the Companies Register — you just need to know where to look.